PDA

View Full Version : What Credit Crunch!!!!!!


theguru
19-02-2009, 11:02 AM
Anyone tried buying a new car lately? Asking because every time i switch the news on all i hear about is the state of the car industry, so why is it that now we're looking to buy a new car, we go into dealerships expecting to see big cuts to get the cars moving, i'm seeing nothing they just kept going on about book prices and how the " the model we want is in demand and they do't have to offer any deals to sell ".
Excuse me for saying but if your struggling to sell cars as seen in newspapers and the news then knock some money off the cars please!!!!!

nomoneytoday
19-02-2009, 11:03 AM
My neighbour got £7000 off a new Toyota Avensis. Not my choice of car, but that's a big saving :)

JonathanA
19-02-2009, 11:06 AM
Maybe the cars you are looking at are in demand! There are deals to be had out there, but they may not be on cars you personally want to buy. I've seen prices of 30%+ off new Fords, 50% of the Dodge Avenger at the end of last year, significant savings on Chrysler Grand Voyager, circa £8k off new Vectras.

But I suspect that if you want money off the new Fiesta for example, you won't get a huge discount as it is a new model in demand. It's all down to supply and demand, and at the end of last year, there was no demand and huge supply, the manufacturers are now addressing that (4 month shut down by Honda for example) so there will be less supply in the future, thus balancing the market a bit more.

What are you looking for?

theguru
19-02-2009, 11:08 AM
Maybe the cars you are looking at are in demand! There are deals to be had out there, but they may not be on cars you personally want to buy. I've seen prices of 30%+ off new Fords, 50% of the Dodge Avenger at the end of last year, significant savings on Chrysler Grand Voyager, circa £8k off new Vectras.

But I suspect that if you want money off the new Fiesta for example, you won't get a huge discount as it is a new model in demand. It's all down to supply and demand, and at the end of last year, there was no demand and huge supply, the manufacturers are now addressing that (4 month shut down by Honda for example) so there will be less supply in the future, thus balancing the market a bit more.

What are you looking for?
Suzuki SX4, Fiat Sedei, Daitahtsu Terios and a Nissan Qashqai.

JonathanA
19-02-2009, 11:16 AM
The difficulty you will have is that with the excpetion of the Qashqai, none of them are mainstream high volume models produced by companies in the mire. I guess there are not huge stocks of those cars sitting around waiting for new owners. And in terms of the Qashqai, aren't they really sought after at the moment?

Good luck in your search - look as widely as you can - online brokers such as drivethedeal, dealdrivers, carfile etc, and phone as many dealers as you can to see who is offering the best deal. Also, if looking at new, this won't be the best time as there will be a spike in demand for the new 09 plate. May be better to wait a couple of months if you can.

Pew Pew Pew Lasers!
19-02-2009, 11:16 AM
Anyone tried buying a new car lately? Asking because every time i switch the news on all i hear about is the state of the car industry, so why is it that now we're looking to buy a new car, we go into dealerships expecting to see big cuts to get the cars moving, i'm seeing nothing they just kept going on about book prices and how the " the model we want is in demand and they do't have to offer any deals to sell ".
Excuse me for saying but if your struggling to sell cars as seen in newspapers and the news then knock some money off the cars please!!!!!

Rough translation "I went into a dealership and made an insulting offer at which they laughed. My negotiating skills were so poor I left empty-handed and came here to rant about how unfair it all is".

theguru
19-02-2009, 11:21 AM
Rough translation "I went into a dealership and made an insulting offer at which they laughed. My negotiating skills were so poor I left empty-handed and came here to rant about how unfair it all is".
Err your talking out of yor a--e i'm afraid, how do you know what i did in the showrooms i.e never even tried to negotiate when they refused to budge from " book prices " just moved on to next dealer, all i'm saying is instead of bleating on about how no-ones buying cars and the car industry is pleading poverty then do somethng more than just offer book price deals if you want to sell!!
Thats all you arrogant pr-ck!!!

Hintza
19-02-2009, 11:35 AM
Steady the buffs!!

The other thing contrary thing you have to contend with is the drop in the £. If the cars are not sitting in a compound in the UK then prices of imported cars will be going up. Production in the UK has been slashed due to lack of demand. You will probably need to take in a wider selection of cars to get a good deal. Waht about a Dodge Caliber?

theguru
19-02-2009, 11:43 AM
Steady the buffs!!

The other thing contrary thing you have to contend with is the drop in the £. If the cars are not sitting in a compound in the UK then prices of imported cars will be going up. Production in the UK has been slashed due to lack of demand. You will probably need to take in a wider selection of cars to get a good deal. Waht about a Dodge Caliber?

Its for the missus, she did'nt want a biggish car, thats why we're looking at those but thanks for yor advice

Hintza
19-02-2009, 12:20 PM
http://www.fiatsupasaver.com/selectacar.aspx?vid=9

MX5huggy
19-02-2009, 12:29 PM
Use some one like Drive the Deal to do the work for you.

kitchpoo
19-02-2009, 12:44 PM
The market has picked up slightly this month surprisingly, from what I have seen in a few dealerships I have been to in the last two weeks. Just before Christmas I was able to find 33% off a list price on an unregistered petrol Zafira, lately I was down to 20% best offer. These are percentages off the Manufacturer's Recommended Price (MRP), so weigh up the actual true 'worth' of the vehicle in the discount you are given - you cannot say that a 30% discount on a £20k Vauxhall is the same as a 30% discount on a £20k (insert make of your choice here) because of the arbitary use of the MRP.

And not just on small vehicles but the family cars are starting to sell again. Remember that for the dealers, nothing has changed - the piece of metal outside cost them the same from the manufacturer to the dealership. The only margin you have is within the dealer's profit. If you can find a struggling dealership needing to release capital, and therefore sell below the trade cost of the vehicle, they will probably not survive the next year.

There is more scope in pre-registered vehicles as so much can be written off against tax and the manufacturer is not in control on budget.

SandC
19-02-2009, 12:54 PM
I must say that I have noticed the forecourt prices of used cars in my area is just ridiculous. This is North Staffs and for some reason most garages have always had their cars on for far too much and continue to do so even now.

vansboy
19-02-2009, 6:00 PM
If you follow the advice, earlier, of checking Brokers & on line companies, you'll soon get an idea, of 'real' selling prices.

Also if you check http://www.honestjohn.co.uk (http://www.honestjohn.co.uk/) he's a This Weeks Deals section & in addition to this, daily, there are some substantial savings featured - but they DO run out, fast, sometimes.

So your best bet, is do your homework & find a dealer with what you want (be flexible on colour) & has the car as a stock, or readily available vehicle, you'll be able to negotiate.

Ask him for a factory build, or one at another dealer, the other end of the country & you'll not save quite as much!!

VB

Lemonade Pockets
19-02-2009, 6:25 PM
, how do you know what i did in the showrooms i.e never even tried to negotiate when they refused to budge from " book prices " just moved on to next dealer, all i'm saying is instead of bleating on about how no-ones buying cars and the car industry is pleading poverty then do somethng more than just offer book price deals if you want to sell!!

I'm assuming by book price you are referring to the RRP? Or do you mean book price for your part ex?
If your wanting more than book for your part ex i'd give up now, it'll save you a lot of wasted afternoons.

Regarding the price of new cars, there are deals to be had out there but you need to do your homework and be a lot more assertive when you go into dealers. If you make it clear your in buying mode and are offering a sensible amount which u know from research on the internet is achievable then job will be easy for everyone concerned.

Most companies inventories are pretty low and they are scaling back production left right and centre so there is not much point selling cars at losses. Germany is having a whale of a time on New cars at the moment due to a new government incentive so i think some Manufacturers are just hanging fire to see if britain follows suit.
Also lot of imported stuff has gone up in price because the £ is low. Ford is a prime example.

Do your homework, play the game at the dealership (walking in asking if they are knocking loads of money of then walking out again when the say no aint gonna cut it) and you'll get a good deal.

Hotspur
19-02-2009, 8:48 PM
I've just ordered a new VW Golf Mk6 from a main dealer and got a deal, very close to what the brokers are offering. Initially they quoted the list price but when I quoted a named brokers price they went away, thought about it, and came back with a reasonable price. Offered a good price for my PX as well, close to what I would get on a private sale (taking into account I would have to have it serviced and MOT'd etc.). Considering the Mk6 has only just been launched, and VW don't stockpile cars and discount like Ford and Vauxhall, I'm happy.

Deals are out there if you do the research first. The Focus is available at 24% off fairly readily and you can get really good deals on the old model Golf. With all manufacturers cutting back on production the gap between supply and demand should close and prices could firm.

p1tse
22-02-2009, 11:53 PM
for me cost of depreciation out weighs any new car offers